TGS - PGS in 3D Shoot Off Canada

TGS-NOPEC Geophysical Company (TGS) is expanding its multi-client library offshore Eastern Canada, with plans to acquire approximately 2,000 km² of 3D seismic data, in partnership with PGS.

The survey will be acquired utilizing the PGS GeoStreamer technology, and it should begin during the summer season 2016.

Pre-processing of the initial GeoStreamer signal will be performed by PGS following which TGS will perform data processing with final data available in Q3 2017, the company said in Oslo Stock Exchange filing.

“We are building upon our extensive knowledge derived from previous 3Ds and the multi-year 2D programs acquired in partnership with PGS. This project will provide valuable data to exploration companies to further de-risk their prospects,” said Kristian Johansen, CEO, TGS.

TGS added that the project is supported by industry funding.

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